Singapore’s consumer prices returned to positive territory in February 2026, with the month‑over‑month Consumer Price Index (CPI) rising 0.60%, reversing a brief deflationary episode in January. The latest data, updated on 23 March 2026, marks a notable turnaround from the previous month’s 0.50% decline.
The January 2026 reading of -0.50% had signaled a temporary pullback in prices compared with December, but February’s 0.60% gain shows that price pressures have picked up again on a month‑over‑month basis. In line with the comparison methodology, the current figure reflects the change from January to February, while the earlier reading captured the change from December to January.
The shift from negative to positive monthly inflation will be closely watched by market participants and policymakers as they assess the underlying trajectory of price dynamics in Singapore’s economy, particularly after the short-lived downturn at the start of the year.
